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Author: Crypto Flexs
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One analyst explained how Ethereum is currently re-testing the breakout zone and this could lead to a price target of $3,500. Ethereum is retesting the breakout line of the ascending triangle As analyst Ali points out in a new report: post At An “ascending triangle” is, as the name suggests, a pattern in technical analysis that resembles a triangle. This pattern includes a horizontal line created by connecting high highs and a sloping line connecting higher lows. If the price retests the horizontal top, you may feel some resistance. On the other hand, touching a lower level may cause the…
While Bitcoin has surpassed $43,500, Ethereum price is still struggling to climb back above $2,250. ETH is showing some worrying signs and could take a major hit. Ethereum is struggling to gain speed above the $2,250 resistance zone. The price is trading below $2,220 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,170. If it stays below $2,250 for long, this pair could fall significantly. Ethereum Price Faces Hurdles Ethereum price made another attempt to clear the $2,250 and $2,265 resistance levels. However,…
Coinbase CEO Brian Armstrong recently said: Solved American political situation regarding cryptocurrency. He believes that politicians’ strong anti-crypto stance could be a bad strategic move in the upcoming 2024 elections. These comments come in the context of the evolving digital asset landscape and growing cryptocurrency adoption among U.S. citizens. Digital Asset Money Laundering Prevention Act The Digital Asset Anti-Money Laundering Act proposed by U.S. Senators Elizabeth Warren and Roger Marshall is at the heart of this discussion. This bipartisan bill aims to integrate the digital asset ecosystem with existing anti-money laundering (AML) and terrorist financing regulations. The law proposes to…
join us telegram A channel to stay up to date on breaking news coverage Algorand price predictions show ALGO changing hands at $0.20 as the market price rises above the 9-day moving average. Algorand market price statistics: Current Algorand price: $0.20 Algorand Market Cap: $1.6 billion Algorand Circulating Volume: $8 billion Algorand total supply: $8 billion Algorand Coin Market Ranking: 46th ALGO/USD Market Main level: Resistance levels: $0.25, $0.27, $0.29 Support levels: $0.15, $0.13, $0.11 ALGOUSD – daily chart ALGO/USD is currently trading around $0.20 and once it breaks above the potential resistance of $0.22, the next target could be…
Posted 1 minute ago In ~ A British Virgin Islands court has frozen up to $1.1 billion worth of assets owned by Su Zhu and Kyle Davies, the founders of defunct cryptocurrency hedge fund Three Arrows Capital, and Davis’ wife.The company’s liquidator, Teneo, said in a statement shared with The Block today that a BVI court issued an order on December 18 banning the two founders and Davies’ wife, Kelly Chen, from trading their assets globally.“The worldwide freezing order was sought in relation to the argument pursued by the liquidators that, among other things, the founders should be held responsible…
reporter Posted on: December 21, 2023 Over the past few days, over $3 million in MATIC and LINK have been accumulated. The values of MATIC and LINK have increased in the last 24 hours. Depending on the Look on chainOn December 20, the newly created wallet withdrew 24,860 Chainlink (LINK) tokens worth $3.5 million and 5 million Polygon (MATIC) tokens worth $3.13 million from the Binance (BNB) exchange. How do these recent accumulations compare to the current exchange flows of these assets? Polygon and Chainlink exhibit different accumulation patterns. As a result of the above report, AMBCrypto analyzed Polygon’s exchange…
Bankrupt cryptocurrency lender Celsius sold $250 million worth of digital assets, including Ethereum, in the past 30 days, according to on-chain data.Cryptocurrency Detective Apes_Prologue reported that Ethereum accounted for $243 million, or 97%, of the bankrupt company’s sales activity during the period.Separately, blockchain analysis company Peckshield Confirmed The defunct lender Over 10,000 transferred ETH, In the last 24 hours, approximately $24 million worth of funds were delivered to cryptocurrency exchange Coinbase and cryptocurrency brokerage platform FalconX.meantime, Apes_Prologue added that Chelsea also dumped more than $3 million in stablecoins, $1.3 million in Chainlink LINK and $1.4 million in Pax Gold. Other…
Bitcoin price is on the rise and recently broke the resistance level of $43,500. BTC is still on a strong upward trajectory and has the potential to rise above $45,000. Bitcoin continued its upward trend and surpassed the $43,500 resistance zone. The price is trading above $43,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting bullish trendline forming with support near $43,100. The pair may continue to rise if the closing price passes $44,500 and $45,000. Bitcoin price gains strength again Bitcoin price remained stable above the $42,000…
According to a report by CoinMarketCap, Solana (SOL) has surpassed XRP to become the fifth-largest cryptocurrency with a market capitalization of $33.7 billion, hitting a 20-month high. The recent surge in value of SOL is due to the strong decentralized finance (DeFi) ecosystem and the craze surrounding meme coins. Despite the selling pressure associated with the FTX bankruptcy holdings, SOL’s growth has remained resilient.SOLUSD Chart: Tradingview.comDriving factors:The rapidly growing DeFi ecosystem: Solana’s decentralized finance ecosystem has seen significant growth, with total value locked (TVL) exceeding $1 billion. This milestone follows the collapse of FTX in November last year, with the…